Document background
The Small Business Letter Of Intent For Business is a crucial preliminary document used in Singapore's business environment when parties wish to formalize their initial business discussions. It serves as a roadmap for negotiations while protecting both parties' interests under Singapore law. This document typically includes proposed terms, timelines, and conditions for the business arrangement, while clearly stating which provisions are binding and non-binding. It's particularly useful for small businesses looking to enter into partnerships, acquisitions, or significant business arrangements, providing a framework for more detailed agreements to follow.
